The EIU view

Muhammadu Buhari has won a second term in office in a February 23rd general election by a decisive margin. In terms of economic policy this presages more of the interventionism that characterised his first term, limiting foreign investment and growth. Despite Mr Buhari's "iron man" approach to criminal groups and terrorism, federal resources (in part drained by costly consumer subsidies) will be insufficient to quell a rising tide of violence in central and northern Nigeria.

Offer of minimum wage increase rejected
Trade unions have rejected the 50% minimum wage hike proposal. The negative impact on the fiscal account could be severe if the state caves in to unions ahead of the vote.